Update on Temporary Suspension of Trading and Status of Resolution of the Matter
Awaiting price reaction for this filing.
AVI Polymers shares were temporarily suspended from trading on BSE after exchange officials conducting a physical verification visit were mistakenly directed to a different, non-operational office in the same building due to similar office numbers. The company immediately engaged with BSE and submitted comprehensive clarifications, photographs, videos, and proof of its registered office. BSE has acknowledged the company's representations, and the process for revoking the trading suspension and rectifying records is currently underway. The company has assured shareholders that this was purely a procedural misunderstanding and does not impact its operations, business, or compliance standing.
Shares remain suspended until BSE completes its review and revokes the suspension, so the stock is currently not tradeable. If BSE resolves the matter favorably as expected, trading should resume, and the issue is unlikely to have a lasting impact on the company's fundamentals.